CNOOC Energy Technology & Services (SHSE:600968) Debt-to-Equity : 0.14 (As of Mar. 2024)

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What is CNOOC Energy Technology & Services Debt-to-Equity?

CNOOC Energy Technology & Services's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥808 Mil. CNOOC Energy Technology & Services's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥2,578 Mil. CNOOC Energy Technology & Services's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥25,153 Mil. CNOOC Energy Technology & Services's debt to equity for the quarter that ended in Mar. 2024 was 0.13.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for CNOOC Energy Technology & Services's Debt-to-Equity or its related term are showing as below:

SHSE:600968' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.03 Med: 0.11 Max: 0.52
Current: 0.14

During the past 11 years, the highest Debt-to-Equity Ratio of CNOOC Energy Technology & Services was 0.52. The lowest was 0.03. And the median was 0.11.

SHSE:600968's Debt-to-Equity is ranked better than
78.87% of 833 companies
in the Oil & Gas industry
Industry Median: 0.44 vs SHSE:600968: 0.14

CNOOC Energy Technology & Services Debt-to-Equity Historical Data

The historical data trend for CNOOC Energy Technology & Services's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

CNOOC Energy Technology & Services Debt-to-Equity Chart

CNOOC Energy Technology & Services Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Debt-to-Equity

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0.10

0.07

0.06

0.10

0.13

CNOOC Energy Technology & Services Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Debt-to-Equity	Get a 7-Day Free Trial															0.11	0.13	0.13	0.13	0.14

Competitive Comparison of CNOOC Energy Technology & Services's Debt-to-Equity

For the Oil & Gas Equipment & Services subindustry, CNOOC Energy Technology & Services's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

CNOOC Energy Technology & Services's Debt-to-Equity Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, CNOOC Energy Technology & Services's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where CNOOC Energy Technology & Services's Debt-to-Equity falls into.

CNOOC Energy Technology & Services Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

CNOOC Energy Technology & Services's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(834.127	+	2454.426)	/	24627.549
	=	0.13

CNOOC Energy Technology & Services's Debt to Equity Ratio for the quarter that ended in Mar. 2024 is calculated as

Debt to Equity	=	Total Debt			/	Total Stockholders Equity
	=	(Short-Term Debt & Capital Lease Obligation	+	Long-Term Debt & Capital Lease Obligation)	/	Total Stockholders Equity
	=	(808.178	+	2578.325)	/	25153.422
	=	0.13

CNOOC Energy Technology & Services (SHSE:600968) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.

Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.

CNOOC Energy Technology & Services Debt-to-Equity Related Terms

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CNOOC Energy Technology & Services (SHSE:600968) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » CNOOC Energy Technology & Services Ltd (SHSE:600968) » Definitions » Debt-to-Equity

Comparable Companies

Traded in Other Exchanges

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Address

Number 6 Waizhi Street, Haiyou Building, Dongzhimen, Dongcheng District, Beijing, CHN, 100027

Website

https://cenertech.cnooc.com.cn

CNOOC Energy Technology & Services Ltd is a diversified industrial group that covers most of the upstream and downstream sectors of the oil and gas industry chain, forming four core business segments: energy technology services, FPSO production technology services , energy logistics services, safety, environmental protection and energy conservation.

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